BP 2007 Annual Report Download - page 135

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BP ANNUAL REPORT AND ACCOUNTS 2007 133
24 Goodwill
$ million
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2007 2006
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cost and net book amount
At 1 January 10,780 10,371
Exchange adjustments 126 524
Acquisitions 270 64
Reclassified as assets held for sale (90) (60)
Deletions (80) (119)
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
At 31 December 11,006 10,780
25 Intangible assets
$ million
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
2007 2006
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Exploration Other Exploration Other
expenditure intangibles Total expenditure intangibles Total
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
Cost
At 1 January 4,590 2,128 6,718 4,661 1,740 6,401
Exchange adjustments 34952 250
Acquisitions –3535 – 187 187
Additions 2,000 548 2,548 1,537 378 1,915
Transfersa(506) – (506) (698) – (698)
Deletions (450) (130) (580) (912) (227) (1,139)
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
At 31 December 5,637 2,630 8,267 4,590 2,128 6,718
Amortization
At 1 January 480 992 1,472 653 976 1,629
Exchange adjustments –2525 –20
Charge for the year 347 338 685 624 217 841
Transfers –––(2) – (2)
Impairment losses –––109 – 109
Deletions (442) (125) (567) (904) (221) (1,125)
--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
At 31 December 385 1,230 1,615 480 992 1,472
Net book amount at 31 December 5,252 1,400 6,652 4,110 1,136 5,246
aIncluded in transfers of exploration expenditure is $84 million (2006 $240 million) transferred to equity-accounted investments.
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